Sales Up in the Florida Housing Market

Sales Up in the Florida Housing Market

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Florida Housing forecast. Update from Florida Realtors and Zillow. Home prices reached an average of $225,000 across the state of Florida in November. A coolish market offers opportunities for buyers in the Sunshine State. See more on Florida’s housing outlook for 2019.

Florida’s housing market is so strong largely because of a favorable unemployment rate in the state. The unemployment rate in Florida was at 3.9 percent in January, meaning that more people are employed in Florida than the average nationwide which is 4.2 percent.

ORLANDO, Fla., Dec. 20, 2017 /PRNewswire/ — Florida’s housing market continued its positive track in November, with more closed sales, more new listings, more pending sales and rising median prices.

Don’t Buy a House in Florida Now. This is the same thing "they" were saying over 10 years ago. Right before the Florida real estate market took a beating and prices dropped by over 50% on average, and there were no buyers anywhere in Florida, for years.

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Florida Housing Market: Median Prices & Pending Inventory Up in August From Florida Realtors August’s statewide single-family home median price up 4.2% to $265K, sales up 3.2% year-to-year.

[Source: Jacksonville Daily Record] Big homes sold for big bucks in Southwest Florida, breaking records in Collier and Lee [Naples Daily News] Southwest Florida’s real estate market had a.

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Florida Realtors closely monitors market trends, news and forecasts that impact the state’s real estate industry and Florida’s economy. Real property – building it, buying it, leasing it, selling it – generates revenue, creates jobs and contributes billions to the state’s economy.

While the Miami housing market leads the way admidst 6 consecutive years of price growth, the Florida market overall is doing well. According to Zillow, home prices have risen 9.6% over the last year to the current average of 223,200, and they predict a further increase of 6.1% in 2019.

ORLANDO, Fla., Oct. 22, 2019 /PRNewswire/ — During September, Florida’s housing market reported more closed sales, higher median prices and increased pending inventory compared to a year ago.

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